“He bought the 11,945-square foot property in the Sans Souci Estates development in 2003, the booming days of the housing bubble, for a tidy $353,000. That’s since ballooned into a $432,538 mortgage as of last July.”

“The house, meanwhile, is worth just $230,000.”

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North Miami Mayor Andre Pierre’s House Is In Foreclosure

North Miami’s embattled mayor, Andre Pierre, has already survived enough scandals to knock five or six normal politicos off their perch — from the wacky (driving a luxury car gifted from a mysterious “friend”) to the sinister (accusations of wiretapping his enemies offices, corruption probes by prosecutors). So what’s another nick in his armor at this point?

Either way, Pierre’s once again got some ‘splainin to do this morning as Bank of America has moved in to foreclose on the $230,000 home he owns on NE 121st Street.

Pierre claims the bank foreclosed too soon and that he was still negotiating a loan modification to keep the residence.”I’m not sure it’s legal for them to file it when we have been talking back and forth,” he tells the South Florida Business Review. “The left hand doesn’t know what the right hand is doing.”

Rest here…

We’re going to pull the file and have a look and post up what we find…

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4closureFraud.org